Zenith Exports Ltd
Incorporated in 1969, Zenith Exports Ltd is in the business of Leather Goods & Textile Fabrics[1]
- Market Cap ₹ 95.5 Cr.
- Current Price ₹ 177
- High / Low ₹ 204 / 80.8
- Stock P/E 47.0
- Book Value ₹ 149
- Dividend Yield 0.00 %
- ROCE 2.23 %
- ROE 0.95 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.18 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -6.21%
- The company has delivered a poor sales growth of -10.7% over past five years.
- Company has a low return on equity of 0.51% over last 3 years.
- Earnings include an other income of Rs.3.58 Cr.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Leather Industry: Leather / Leather Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
272.96 | 279.83 | 315.52 | 266.46 | 242.51 | 128.61 | 109.52 | 98.54 | 82.82 | 50.70 | 90.54 | 62.25 | 76.45 | |
264.50 | 269.41 | 299.94 | 261.81 | 240.26 | 133.21 | 113.84 | 99.01 | 87.11 | 52.59 | 90.16 | 62.39 | 75.32 | |
Operating Profit | 8.46 | 10.42 | 15.58 | 4.65 | 2.25 | -4.60 | -4.32 | -0.47 | -4.29 | -1.89 | 0.38 | -0.14 | 1.13 |
OPM % | 3.10% | 3.72% | 4.94% | 1.75% | 0.93% | -3.58% | -3.94% | -0.48% | -5.18% | -3.73% | 0.42% | -0.22% | 1.48% |
2.93 | 2.51 | 1.20 | 6.40 | 4.55 | 3.58 | 5.31 | -6.02 | 5.61 | 3.21 | 3.48 | 4.51 | 3.58 | |
Interest | 5.85 | 5.27 | 7.49 | 6.69 | 3.28 | 0.31 | 1.36 | 1.65 | 1.36 | 1.28 | 1.22 | 1.07 | 0.92 |
Depreciation | 6.31 | 6.50 | 6.46 | 4.56 | 3.49 | 1.42 | 1.41 | 1.63 | 1.69 | 1.64 | 1.28 | 1.30 | 1.06 |
Profit before tax | -0.77 | 1.16 | 2.83 | -0.20 | 0.03 | -2.75 | -1.78 | -9.77 | -1.73 | -1.60 | 1.36 | 2.00 | 2.73 |
Tax % | 55.84% | 27.59% | 40.99% | 140.00% | -400.00% | 24.36% | -5.06% | 19.34% | 17.34% | 19.38% | 25.74% | 21.00% | |
-0.34 | 0.84 | 1.67 | 0.08 | 0.16 | -2.08 | -1.88 | -7.87 | -1.43 | -1.30 | 1.01 | 1.58 | 2.03 | |
EPS in Rs | -0.63 | 1.56 | 3.09 | 0.15 | 0.30 | -3.85 | -3.48 | -14.58 | -2.65 | -2.41 | 1.87 | 2.93 | 3.76 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -14% |
5 Years: | -11% |
3 Years: | -9% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | -1% |
5 Years: | 18% |
3 Years: | 33% |
TTM: | 43% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 13% |
3 Years: | 18% |
1 Year: | 108% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 0% |
3 Years: | 1% |
Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 |
Reserves | 89.03 | 89.87 | 91.53 | 86.41 | 86.57 | 84.48 | 82.77 | 74.86 | 73.29 | 71.78 | 72.76 | 74.33 | 75.25 |
29.96 | 32.89 | 35.67 | 31.63 | 12.63 | 6.80 | 11.30 | 13.02 | 8.27 | 7.79 | 13.81 | 9.47 | 5.94 | |
34.40 | 35.84 | 28.49 | 13.45 | 16.43 | 13.76 | 11.93 | 14.26 | 12.27 | 10.90 | 9.55 | 10.81 | 10.75 | |
Total Liabilities | 158.79 | 164.00 | 161.09 | 136.89 | 121.03 | 110.44 | 111.40 | 107.54 | 99.23 | 95.87 | 101.52 | 100.01 | 97.34 |
49.20 | 45.77 | 40.82 | 29.16 | 22.89 | 20.69 | 17.96 | 15.59 | 14.61 | 12.68 | 12.12 | 10.24 | 9.93 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.01 | 0.12 | 0.21 | 0.01 | 0.01 | 4.08 | 17.56 | 2.00 | 0.00 | 0.17 | 0.54 | 0.85 | 1.01 |
109.58 | 118.11 | 120.06 | 107.72 | 98.13 | 85.67 | 75.88 | 89.95 | 84.62 | 83.02 | 88.86 | 88.92 | 86.40 | |
Total Assets | 158.79 | 164.00 | 161.09 | 136.89 | 121.03 | 110.44 | 111.40 | 107.54 | 99.23 | 95.87 | 101.52 | 100.01 | 97.34 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.77 | 2.80 | 7.93 | 6.83 | 19.21 | 11.67 | 7.99 | -8.87 | 16.90 | 2.52 | -14.98 | 19.23 | |
-2.85 | -2.77 | -1.40 | 0.42 | 3.57 | -2.59 | -12.03 | 15.61 | -10.30 | 1.18 | 11.47 | -15.55 | |
1.08 | -0.22 | -3.23 | -9.64 | -21.42 | -6.14 | 3.64 | 0.40 | -5.75 | -1.52 | 5.14 | -4.98 | |
Net Cash Flow | 0.00 | -0.19 | 3.30 | -2.39 | 1.37 | 2.94 | -0.39 | 7.15 | 0.85 | 2.18 | 1.63 | -1.31 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 22.81 | 21.52 | 19.32 | 29.42 | 51.85 | 63.06 | 56.22 | 50.67 | 57.65 | 67.96 | 55.59 | 54.30 |
Inventory Days | 119.56 | 134.97 | 110.71 | 114.67 | 90.68 | 140.77 | 169.01 | 269.17 | 184.97 | 360.26 | 238.18 | 290.24 |
Days Payable | 30.82 | 34.93 | 19.64 | 6.02 | 13.98 | 24.79 | 17.94 | 37.72 | 41.33 | 85.61 | 31.12 | 62.40 |
Cash Conversion Cycle | 111.54 | 121.56 | 110.38 | 138.07 | 128.55 | 179.05 | 207.29 | 282.13 | 201.29 | 342.61 | 262.65 | 282.13 |
Working Capital Days | 89.97 | 99.00 | 93.36 | 116.32 | 110.71 | 158.42 | 171.60 | 208.35 | 168.57 | 252.12 | 209.67 | 200.30 |
ROCE % | 4.13% | 4.97% | 7.95% | 4.81% | 2.53% | -1.62% | -0.81% | -0.72% | -1.11% | 0.50% | 2.89% | 2.23% |
Documents
Announcements
- Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29(1) Of SEBI (LODR) Regulations, 2015 2h
- Certificate Under Regulation 40(9) Of SEBI LODR, 2015 For The Period Ended 31St March, 2024. 10 Apr
- Compliance Certificate Pursuant To Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 For The Year Ended 31St March,2024. 5 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for Quarter & Year Ended March 31, 2024
- Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 2 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
Business Overview:[1]
Company manufactures textile products for the fashion and home furnishing industries. It has established manufacturing units to cater to handcrafted and automated fabrication sectors